Sembcorp Industries

Re: Sembcorp Industries

Postby behappyalways » Tue Nov 06, 2018 12:26 pm

Sembcorp posts 11.6% lower 3Q earnings of $82.3 mil on higher expenses
https://www.theedgesingapore.com/sembco ... r-expenses
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Re: Sembcorp Industries

Postby behappyalways » Fri Feb 22, 2019 8:21 pm

Sembcorp reports 10% lower 4Q earnings of $106 mil; proposes 2 cents final dividend
https://www.theedgesingapore.com/sembco ... l-dividend
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Re: Sembcorp Industries

Postby behappyalways » Wed May 22, 2019 4:34 pm

Sembcorp sees 21% higher 1Q earnings of $77 mil on improved energy business
https://www.theedgesingapore.com/sembco ... y-business
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Re: Sembcorp Industries

Postby behappyalways » Sat Jun 15, 2019 10:24 am

Semborp disposes entire Gallant Venture stake for $62 mil
https://www.theedgesingapore.com/sembor ... ake-62-mil
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Re: Sembcorp Industries

Postby winston » Thu Aug 15, 2019 9:47 am

not vested

Sembcorp Industries: Non-marine segment remains healthy

Sembcorp Industries (SCI) saw a 29% YoY fall in revenue and a greater fall in cost of sales, resulting in a 40% increase in gross profit in the quarter.

This led to a 20% increase in net profit to S$98m in 2Q19, bringing 1H19 net profit to S$191m or 45% of our full year estimate.

Results were dragged by the marine division, but Energy’s showing (S$92m profit) was better than expected, supported by India, Singapore, China and rest of the world.

In India, the energy business is expected to continue to improve.

In Singapore, completion of the sale of certain utilities facilities to ExxonMobil Asia Pacific is expected by the end of this year.

Major maintenance shutdowns for the power generation assets in Singapore will also take place in 2H19.

As for Urban Development, earnings growth is expected to continue into 2019.

Though SCI’s Energy and Urban Development segments are operating well, the Marine segment may pose a greater than expected drag on the group.

SCI has declared an interim dividend of S$0.02/share, same as 1H18.

Pending a briefing, we put our rating and fair value estimate under review.

Source: OCBC
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Re: Sembcorp Industries

Postby behappyalways » Sun Aug 18, 2019 1:38 pm

Sembcorp reports 20% rise in 2Q earnings to $98 mil on improved energy business
https://www.theedgesingapore.com/capita ... y-business
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Re: Sembcorp Industries

Postby winston » Thu Sep 12, 2019 2:14 pm

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Management reassures investors with strategies to augment balance sheet and improve ROE during NDR

Energy and Urban solutions see growth in emerging markets

Over-penalised for marine weakness; SCI’s valuation now at 0.5x P/BV despite delivering 5-6% ROE

Reiterate BUY; TP S$3.20

Source: DBS

https://researchwise.dbsvresearch.com/R ... =eiajckhab
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Re: Sembcorp Industries

Postby winston » Wed Sep 18, 2019 1:29 pm

not vested

Sembcorp Industries (SCI SP, BUY, TP: SGD2.68)

Energy Business To Boost Earnings; BUY

Company Update

BUY with SGD2.68 TP, 21% upside plus 2% yield.

Sembcorp Industries’ profits are largely dependent on the energy business, which looks positive from the India power market outlook.

We forecast 61%-owned subsidiary Sembcorp Marine (SMM SP, BUY, TP: SGD1.63) to revert to a FY20 profit from a FY19 loss on the pickup of new orders.

The steadily growing earnings from its urban business are another positive.

Catalysts to its share price include news flow on order wins by Sembcorp Marine.

Source: RHB

https://research.rhbtradesmart.com/atta ... b1be38.pdf
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Re: Sembcorp Industries

Postby winston » Wed Sep 18, 2019 1:29 pm

not vested

Sembcorp Industries (SCI SP, BUY, TP: SGD2.68)

Energy Business To Boost Earnings; BUY

Company Update

BUY with SGD2.68 TP, 21% upside plus 2% yield.

Sembcorp Industries’ profits are largely dependent on the energy business, which looks positive from the India power market outlook.

We forecast 61%-owned subsidiary Sembcorp Marine (SMM SP, BUY, TP: SGD1.63) to revert to a FY20 profit from a FY19 loss on the pickup of new orders.

The steadily growing earnings from its urban business are another positive.

Catalysts to its share price include news flow on order wins by Sembcorp Marine.

Source: RHB

https://research.rhbtradesmart.com/atta ... b1be38.pdf
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Re: Sembcorp Industries

Postby winston » Mon Sep 30, 2019 10:22 am

not vested

Postcard from Vietnam: preferred park

SCI’s urban development in Vietnam is a direct beneficiary of the trade tensions as the country is preferred by MNCs for expansion in ASEAN.

Our ground checks showed that VSIP is a highly-preferred industrial park and township master developer among international and local companies.

Urban development is a self-sustained division with a recurring income base and good potential, in our view. It contributed to 25% of SCI’s FY18 profit.

Source: CIMB

https://cgs-cimb-insticrm-services.hero ... 524C076719
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